S&P puts Container Shipping on watch

S&P said it placed on CreditWatch with negative implications its B long-term issuer credit rating on Global Ship Lease, Inc.

At the same time, S&P placed all its issue ratings on the company’s debt on CreditWatch negative, including the B rating on the $360 million senior secured bonds, and the BB rating on the senior secured term loan facility.

“The CreditWatch placement follows GSL's Oct. 29, 2018 announcement that it will merge with Poseidon Containers Holdings LLC and K&T Marine LLC (together Poseidon Containers) in a stock-for-stock transaction,” S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.